Last night, Chuanzi announced the establishment of a strategic reserve for cryptocurrencies in the United States, planning to include major cryptocurrencies such as Bitcoin 80987211675, Ethereum 45341665603, Ripple 67494806497, Solana #SOL, and Cardano #ADA (didn't see that coming) into the reserve. This move aims to solidify the United States' leadership position in the global cryptocurrency space.

In response to this news, the market experienced significant fluctuations. Bitcoin's price rose by about 8%, reaching $90,828; Ethereum increased by 8.3% to $2,409; the prices of Ripple, Solana, and Cardano also rose between 8% and 62%.

However, this decision has also sparked different reactions in the market. Although Bitcoin's price surged by 10% in the short term, its market dominance fell from 55.4% to below 50%. Bitwise CEO Hunter Horsley stated that he originally expected the strategic reserve to include only Bitcoin, as Bitcoin is the undisputed store of value in the digital age.

Additionally, the Trump administration plans to host the first White House cryptocurrency summit on March 7, gathering industry leaders to discuss regulatory policies, stablecoin regulation, and the potential role of Bitcoin in the U.S. financial system. David Sachs, the White House 'Artificial Intelligence and Cryptocurrency Lead,' will preside over the summit, aiming to set the tone for cryptocurrency regulation in the next four years.